Suppose that the last five months of sales were 10, 8, 10, 6…
Suppose that the last five months of sales were 10, 8, 10, 6, 9 units, respectively. Suppose further that the last five forecasts were 11, 10, 8, 6, 8 units, respectively. What is the Mean Absolute Deviation (MAD) of these forecasts?
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